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Bancor (cryptocurrency)

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Bancor is a decentralized liquidity network that provides users with a simple, low-cost way to convert tokens directly from their wallets. [2]

What is Bancor?

Wallet

Bancor wallet requires no platform fees, no minimum deposits and no withdrawal charges. The wallet is powered by LocalCoin, security audited and battle hardened, complete with two-step authentication. [1]

Network

Bancor’s unique automated pricing mechanism ensures token can always be converted, even if no one is selling. There is no listing fees to join the network. The token can instantly be converted by any of the 100+ tokens in the network. [1]

Protocol

The Bancor Protocol is a powerful open source framework inspiring the next generation of token projects. The Bancor Protocol ensures continuous liquidity and real-time price discovery between blockchain-based assets, without matching buyers and sellers. The Bancor Protocol enables tokens to calculate their own prices using a transparent auto-balancing mechanism, and to be converted directly from their smart contracts. [1]

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